Page 149 - Companies

Samsung Electronics reports robust profit based on chip strength

Samsung Electronics Co. said its operating profit for the last quarter rose by more than 53% from the same period last year as it continued to thrive during the pandemic

Birlasoft's net profit jumps 18.2% to Rs 114 crore in December quarter

The IT services company had posted a profit of Rs 96.4 crore in the October-December 2020 period

Indian Metals & Ferro Alloys' net profit soars to Rs 122 crore in Q3

Indian Metals & Ferro Alloys (IMFA) on Thursday posted nearly four-fold jump in consolidated profit after tax (PAT) at Rs 122.24 crore for December quarter 2021-22, mainly on account of higher income. The company had logged Rs 32.53 crore PAT during October-December period of 2020-21, IMFA said in a regulatory filing. During the quarter under review, its total income rose to Rs 658.21 crore from Rs 430.10 crore a year ago. Total expenses were at Rs 483.63 crore as against Rs 395.29 crore in the year-ago quarter. In a separate statement, the company said it produced 61,545 tonne of ferrochrome (FeCr) and sold 55,403 tonne of the alloy during December quarter. The company said it has also made a prepayment of Rs 214 crore towards a long-term debt. IMFA MD Subhrakant Panda said: Our record performance in the ongoing fiscal has enabled us to prepay long-term debt thereby strengthening balance sheet ahead of our proposed 100,000 tonne per annum ferro chrome expansion." Headquartered

LIC to list on bourses by March 31, says DIPAM Secretary

'LIC disinvestment amount will be included in this year's (Budget) because we aim to list it before March 31,' says Tuhin Kanta Pandey

MapmyIndia consolidated PAT declines 14% to Rs 18 crore in Q3

The company had registered a consolidated PAT of Rs 21.59 crore in the same period a year ago

Coforge Q3 consolidated net profit jumps over 50% to Rs 184 crore

The company had posted a net profit of Rs 122 crore in the year-ago period

Japan's Mitsubishi, energy body join Gates' nuclear project

The memorandum of understanding signed Wednesday calls for cooperation in developing advanced nuclear technologies

EvGateway to offer simple EV-charging solutions to drivers across India

The company would help advance EV adoption with easy-to-use solutions for drivers and charger-owners

Hindustan Media Ventures Q3 net profit down 12% to Rs 31 crore

The company had posted a net profit of Rs 35.19 crore for October-December period a year ago

TCI reports 94% jump in standalone PAT to Rs 78 crore in Dec quarter

The company had posted a standalone PAT of Rs 40 crore in the corresponding quarter of the last financial year

India to be big market for electric vehicles: Nissan COO Ashwani Gupta

The Renault-Nissan-Mitsubishi automobile alliance on Thursday announced its 2030 global roadmap that focuses on pure electric vehicles (EVs)

It's a struggle to balance cost vs selling price: Prestige Estates MD

Prestige Estates Projects saw its sales bookings jump twofold to a record Rs 4,267.6 crore in the third quarter of financial year 2021-22 (Q3FY22)

Minor impact of new Covid-19 wave on sales, says Abhishek Lodha

Realty firm Macrotech Developers saw a "minor" impact on housing demand in the first two weeks of January this year due to surge in COVID cases and remains confident of meeting the Rs 9,000-crore sales bookings target for this fiscal, its MD & CEO Abhishek Lodha said. Macrotech Developers markets its properties under the Lodha brand. It is developing projects in the Mumbai region and Pune. In an interview with PTI, Abhishek Lodha said the company has increased prices by an average 4-5 per cent so far this fiscal. Continuing with its asset-light model, Lodha said the company has entered into 11 joint development agreements (JDAs), worth Rs 14,500 crore sales value potential, so far this fiscal and hopes to conclude more by March-end. When asked about the impact of new wave of the COVID infections, Lodha said: "There was a minor impact in the first two weeks of this months as there were restrictions on movement." However, he said the sentiments among homebuyers remains positive and

Uday Shankar, James Murdoch firm to pick up 39% stake in Viacom 18

Lupa India, the investment company set up by Uday Shankar and James Murdoch, is in the final stages of picking up a 39 per cent stake in Viacom 18

Tata group lone Indian brand in top 100: Brand Finance Global 500 report

RIL, Jio, Mahindra group, HDFC Bank all see dip in ranking

o9 Solutions' valuation crosses $2.7 billion after $295 million funding

o9 Solutions raises $295 mn funding from General Atlantic, others

Facebook's embattled crypto project may be coming to an end

The Diem Association, a cryptocurrency initiative once known as Libra backed by Meta Platforms, is weighing a sale of its assets

Adani Wilmar IPO opens on Thursday to raise up to Rs 3,600 crore

Edible oil major Adani Wilmar will on Thursday hit the capital market to raise up to Rs 3,600 crore through its Initial Public Offer (IPO). The proceeds of the public issue will be used to fund capital expenditure, reduce debt and for acquisitions as the company seeks to become India's biggest food and FMCG company. The public issue, comprising fresh equity shares, will open for subscription on January 27 and close on January 31. Price band is Rs 218-230 per share. Adani Wilmar, which sells cooking oils and some other food products under the Fortune brand, is a 50:50 joint venture between business conglomerate Adani group and Singapore-based Wilmar. On Tuesday, Adani Wilmar Ltd had raised Rs 940 crore from anchor investors. The company has decided to allocate around 4.09 crore equity shares to anchor investors at Rs 230 apiece. Investors can bid for a minimum of 65 equity shares and in multiples thereof. Half of the issue size has been reserved for qualified institutional buyers,

Essar sets up Vertex Hydrogen to help drive energy transition in the UK

Essar Oil UK holds 90 per cent stake in Vertex Hydrogen, while Progressive Energy Ltd has the remaining 10 per cent

Allcargo Logistics appoints V S Parthasarathy as vice-chairman

His role as the company's non-executive non-independent vice-chairman will be to guide, mentor and help drive its transformation along with subsidiaries ECU Worldwide and Gati Limited